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AP Moeller Maersk signs cooperation with China Shipping (Group) on container terminals

Tuesday, 1 Apr 2014 08:00pm EDT 

AP Moeller Maersk A/S' APM Terminals:Says Maersk Group and China Shipping (Group) expand discussions on new container terminal projects to potentially collaborate in as joint venture partners.China Shipping (Group) operates China Shipping Terminal and China Container Shipping Lines and is seeking to expand its European port network.Says on March 8 China Shipping Terminal signed an MOU with APM Terminals Zeebrugge for a 24 percent stake in the deepwater, high productivity terminal.APM Terminals Zeebrugge remains the majority shareholder and operator of the terminal with a 51-pct share, Shanghai International Port Group (SIPG) has 25 pct. 

Company Quote

120.0 +0.90%
6:10am EDT